DMO and EIB taps reopen quiet sterling market

By Frank Jackman

10 Sep 2019

The UK Debt Management (DMO) and European Investment Bank reopened a quiet sterling market on Tuesday with a pair of syndicated taps, which bankers feel will leave issuers and investors "confident" to follow.

The DMO reopening takes the current amount outstanding on the line to £8.75bn. The 2054 Gilt was originally issued in May.

The tap was issued at 115.557, giving it a 1.0905% yield to maturity. 81% of the note was allocated to UK-based investors.